Filer Manufacturing has 4,041,169 shares of common stock outstanding. The current share price is $47.13, and the book value per share is $5.89. Filer Manufacturing
Filer Manufacturing has 4,041,169 shares of common stock outstanding. The current share price is $47.13, and the book value per share is $5.89. Filer Manufacturing also has two bond issues outstanding. The first bond issue has a face value of $58,342,002, has a 0.08 coupon, matures in 6 years and sells for 88 percent of par. The second issue has a face value of $71,499,788, has a 0.05 coupon, matures in 19 years, and sells for 97 percent of par. What is Filer's weight of equity on a market value basis? Enter the answer with 4 decimals (e.g. 0.2345)
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